Hut 8 Stock Slides 9.7% Despite 81% Revenue Surge in Q2

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Hut 8 stock dropped 9.74% to $101.16 on Tuesday after the company reported second-quarter earnings. Revenue climbed 81% year over year to $74.9 million. Net losses reached $177.1 million. The stock recovered 1.29% to $102.47 in after-hours trading. Investors appear focused on the loss rather than the revenue growth.

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Telemac
Telemachttp://cryptoinfo.ch
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